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Business News

Location American Business News for 19 October 2018
Your Money Adviser: Your Neighbor in an Adjacent ZIP Code May Pay Less for Car Insurance A consumer group says insurers sometimes charge more to people living in less affluent ZIP codes -- even if they have good driving records.
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EBay shares plunge toward a near two-year low Friday, after PayPal's earnings report suggests slowing gross merchandise volume growth at its former parent, prompting an analyst downgrade.
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Wall Street sees rough day as tech sell-off drags markets Hold on to your stomachs. Wall Street took a wild ride on Thursday as major stock indexes plunged into the red, hit by a sell-off in tech stocks, rising interest rates and worries about weakening global growth as US tens...
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A North Dakota board that regulates private investigators and security firms is dipping into financial reserves and delaying payment of some legal bills after an expensive battle with a company …
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With home equity at an all-time high, homeowners could start turning more often to this source of lower-cost debt.
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White House Approves a Tax Rule Meant to Help Distressed Areas A proposed regulation could unlock billions of dollars in investment for so-called opportunity zones.
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New York threatens to block $69B CVS-Aetna merger

New York Post - 19 Oct 2018 06:33
New York threatens to block $69B CVS-Aetna merger New York regulators on Thursday threatened to block CVS Health's $69 billion merger with Aetna, demanding that the companies not raise insurance premiums in New York and that its pharmacy-benefits manager submit to state...
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Excerpts from recent South Dakota editorials

Miami Herald - 19 Oct 2018 18:47
Yankton Daily Press & Dakotan, Yankton, Oct. 15 Discovery bridge brought changes It's hard to believe that 10 years have flown by since the completion and opening of the Discovery …
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China's economic growth slows amid trade battle with US China's economic growth slows further in latest quarter, adding to challenges for communist leaders amid a mounting tariff battle with Washington
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Sports leagues could score $4.2B from legal betting: study Legal sports betting stands to generate an extra $4.2 billion a year for America's four main professional sports leagues, according to a new study. The study by Nielsen Sports allocates $2.3 billion of the windfall to th...
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Mining CEO says analysts will 'have to commit suicide' in bizarre rant This irate mining honcho is bringing down the hammer on Wall Street. The chief executive of an iron-ore giant -- claiming that a Goldman Sachs analyst gave him the shaft with a faulty profit estimate -- went on a bizarre...
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If you think history is boring, J.P. Bryan is about to prove otherwise. The Houston oilman and avid historian opened his Bryan Museum in Galveston in 2015 to house his …
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NEW YORK (AP) -- A New York man threatened to kill two U.S. senators for supporting Brett Kavanaugh’s confirmation to...
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The Facebook Journalism Project Is Teaming Up With Storyful to Train Reporters and Editors The Facebook Journalism Project is teaming up with social media intelligence company Storyful on an initiative to bring social media literacy training to reporters and editors around the world. Storyful developed the tra...
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Fee income falls at SunTrust, but profits still soar

American Banker - 19 Oct 2018 19:15
Strong net interest income and other factors made up for a drop in investment banking and other noninterest income at the Atlanta bank, which reported double-digit earnings growth.
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FirstEnergy operations extended through 2022

Miami Herald - 19 Oct 2018 19:08
FirstEnergy says a West Virginia coal-fired power plant won't close at the beginning of next year after all. The Parkersburg News and Sentinel reports the energy company said the Pleasants …
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Investors are starting to pay attention to Italy's potentially market-rattling showdown with the European Union over its budget plans. These are the key dates to watch.
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Gender letter: Toppled Men Are Down, but Not Necessarily Out

The New York Times - 19 Oct 2018 18:50
Gender letter: Toppled Men Are Down, but Not Necessarily Out Most powerful men who've re-emerged after sexual misconduct claims haven't faced Louis C.K.-levels of scrutiny and debate. Here is how they've regained ground, and how some downfalls were more like payouts.
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The disappearance of a Saudi journalist last seen entering the kingdom's consulate in Istanbul has shaken businesses' confidence in the country as a place to do business, with potential consequences …
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Here's the right way to compare yourself to others financially.
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U.S. stocks rose broadly on Friday, as a raft of strong corporate earnings helped allay concerns over growth risks in Europe and political tensions in Saudi Arabia that drove a 1 percent drop a day earlier.
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City pays $2,000 in computer ransomware attack

Miami Herald - 19 Oct 2018 18:33
A Connecticut city has paid $2,000 to restore access to its computer system after a ransomware attack. West Haven officials said Thursday they paid the money to anonymous attackers through …
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